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20130117
20130117
Search Results 0 to 11 of about 12 (some duplicates have been removed)
: the new republicans in congress were threatening to vote against raising the debt ceiling. if congress didn't act by august 2, the federal government would be unable to pay its bills. >> in 2010, when all these republicans were running for congress, many of them avowed tea partiers and the rest of them riding the tea party wave, the subject of the impending debt ceiling came up frequently and virtually all of them campaigned saying... pledging not to raise the debt ceiling. >> narrator: early on, republican freshmen attended orientation sessions. republican strategist frank luntz ran one of them. >> and i asked the question, how many of you are going to vote for the debt ceiling? and only three or four of them raised their hands. and i said, if you vote for the debt ceiling, the people who put you in office are going to knock you out. >> if you vote for the debt ceiling, you're voting for your own death certificate, political death certificate. >> narrator: for his part, the president decided to try something new: personal politics. he figured he could connect to the republican leader,
's not going to negotiate over raising the debt ceiling. it is an obligation that congress retains for itself. if it feels it can't handle it, we would happily, as the president said, take that obligation on to the executive branch. but we have to pay our bills. we're the united states of america; we are not a third-tier economy that goes month to month or every half year and casting doubt on whether or not we're going to meet our obligations. that's not who we are. major, then alexis. >> as you noted, jay, the situation in algeria is very fluid and you are trying to discern fact from fiction. once that process is finished, does the president intend to communicate with the country about what he knows and what has happened? >> well, i think -- i have no scheduling announcements to make on behalf of the president, and i think we're focused now on finding out and seeking clarity about the events in algeria. and once we know more and once we have more that we can convey to you, we'll make assessments based on that. >> does the white house believe that there is something at work in mali or algeria
, are you also going to be faced almost immediately with the whole crisis over the debt ceiling. not house has been holding really firm. what do you think about coming into this partisan divide coming up here in congress? >> well, i mean, i hope to be part of a freshman class and a group of folks in congress who can take care of the finances and systems without creating more self-inflicted wounds. we know that last time we went through this it hurt the stock market nationally. it hurt our bond ratings. we have to create something that doesn't create this self-inflicted wound every couple of years. >> half of the time, the great castro brothers from texas. thank you very much. we look forward to seeing you when you are here in washington. welcome to congress. >> thank you. thank you. >> and up next, second term challenges. how can president obama work with republicans? mary madeline joining us, and still ahead, the heisman hopeful, and the made-up girl friend. was he a victim or an accomplice? what are you doing? nothing. are you stealing our daughter's school supplies and taking them to wo
which is not everybody understands what it's about. the debt ceiling which congress has to do periodically as gives the government money to pay its existing bills. it doesn't create new spending so it's like a family trying to improve its credit rating not the most effective way to improve the credit rating and was the slow solution to the debt ceiling in august of 2011 that of the u.s. downgraded last time brough so it's very important that congress take the necessary action to raise the debt ceiling to avoid a situation where our government doesn't pay its bills. estimate the number of people have expressed concern about how much of the challenges actually were addressed in the deal. as you mentioned is certainly went part way that leaves a number of issues still on the table and additional negotiations are learning to read what you characterize that as a class that is facing us or do you think that it's not as concerning as it was when you raised that term initially? >> as i said the fiscal cliff would have probably created a recession this year. a good bit of that has been
the next step to debt and deficit reduction. they spoke about the challenges facing congress regarding the debt ceiling, tax and entitlement reforms in sequestration. according to the treasury department, congress has until mid-february to early march to raise the debt limit. from this morning, this is just under an hour. [applause] >> first senator gregg. >> thank you, marc. i appreciate that. that was quite an introduction. it is free to be here -- great to be here. they have been a wonderful firm to have represent me. it's also a wonderful to be here with kent conrad, who was a close friend, and i am glad his dog made it through so he could be here. he is a deficit hawk. more important than that he is a thoughtful and conscious -- voice of a conscious for the senate throughout his term on fiscal responsibility. we worked together in a very effective way to try to bring some sort of bipartisan effort into the requirement that we do something about the debt. it was really, as was mentioned, an idea that we came up with on a long plane ride i think to central america to put together a
congress...over raising the debt ceiling.(governor) "i we've made in termm of thee rainy day fund and he cash coming out o capitol hill." & but henna repooter asked... the governor aaoutthe possibility of increaaing was his reepy.(governor) "i'' not alkkig bout thatttoday but i donnt blame you for asking abouttit."(rrdell) "but as lawmakerssbegin to analyze this huge perating budget, 3 traasportatiin funding and -whether the governor will & eventually in either the ales taxxor the asollnn tax." (szeliga) "and it's billions and billions of dolllrs thht has no funning source and theee is no money in the 3 republicanss..who say most.... marylanders cannot afforddto pay any ore. (aumann))"we ad all these array of taxes, the yearrbefore that, e had an array offtaxes, instead of &iicreassng, why don't we stop spendinggon things thaa we don't need."an age-old debate that wonnt likely be this 20-13 session. in annapolis, john rydell, fox 45 news at ten. 3 the... &pbudget... accounts for... &p a... 3--%... in
the same thing. look out to congress you guys send me a bill to raise the debt ceiling. >> you would be advising the president. >> use the spending sequester. it's so important to drive through and then the continuing resolution. a lot of damage can to be done on these three to six months crs. thank you very much. now we have evidence of some strength in the economy. today the numbers are pretty good. will it keep spurring the stock market? i'm bullish on that story. with the spark cash card from capital one, sven gets great rewards for his small business! how does this thing work? oh, i like it! [ garth ] sven's small business earns 2% cash back on every purchase, every day! woo-hoo!!! so that's ten security gators, right? put them on my spark card! why settle for less? testing hot tar... great businesses deserve great rewards! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2% cash back or double miles on every purchase, every day! what's in your wallet? here's your invoice. executor of efficiency. you can spot an amateur from a mile away.
of the congress take the debt ceiling as a hostage, it's a hostage they can't shoot. as a very practical matter, if we go over the debt ceiling, we don't exceed -- we don't increase the debt ceiling, republicans aren't going to win the debate. they'll argue that they're not increasing it because they don't want to control spending, but they're not going to win the debate, because what will happen is that the white house will pay with the cash flow of the country the debt, the interest on the debt. the debt won't default. what they might not pay and will certainly threaten not to pay are social security checks. and the moment that the american citizen figures out that the social security checks might not go out, game's over. because, believe me, no congress can stand up to the senior lobby if it's concerned and rightly concerned about its ability to exist because it doesn't get it checks. so that's not a legitimate process, to take the debt ceiling as the hostage. the appropriate goal here whether the debate should occur, plus, if you use the debt ceiling as the issue, the president gets to talk
something? >> if they don't raise the debt ceiling and let's say we get debt downgrades, the market has a fit basically and drops as they did in 2011, all our investments will get hit. the stock market will go down as it did in a big way in the summer of 2011. on the other hand, if they extend the limits, the debt ceiling limit and do something more, maybe not a grand compromise, something more in terms of deficit reduction, my guess is the market will kind of shrug it off. they won't get upset. the issue is in the end what happens in the run-up read the political run-up to the waiter with the market reacting as we are going down the wire because they will not default. the u.s. will not default on its debt. adam: you have the billionaire coke brothers urging the g.o.p. all kinds of g.o.p. senator saying we need not have this fight. wouldn't it be better for republicans since the issue is spending will agree it is spending, spending, spending. wait until march as our producer calls it the son of the fiscal cliff. say to the president okay. you want to fund spending? refunded if the suit
't focus on the long-term debt. when you focus on the debt ceiling it makes the message more muddled and more difficult. do you agree a with that? >> that's correct. i really do. i think the debt ceiling is a beautiful tool to get the president and congress to agree and to compromise and work things out and to bring down spending. i think that is right. it shouldn't be used to close down the country. that is just another tool, another political compromise in negotiations and it is a beautiful tool for that to bring the two sides together to bring out something that is good for all of us. bill: jerry nadler, a congressman from here in new york. he was the one said it was being used for political blackmail. that is where the comment came from. the debt ceiling has been in place since 1939. you have competing ideas, one on the house, john boehner said we'll raise the debt sealing a dollar for every dollar you cut spending. republicans out of pennsylvania, pat toomey you prioritize the bills you pay for long period of time. weeks and months. make sure the military is taken care of. >> su
Search Results 0 to 11 of about 12 (some duplicates have been removed)